Page 2481 - Company News
Vodafone Group CEO Nick Read rules out fresh fund infusion in Vi
Vi has a debt of about Rs 1.8 trillion, including deferred spectrum obligations and AGR dues
 "Vodafone Group CEO Nick Read rules out fresh fund infusion in Vi")
Shopsy crosses 200,000 mark, announces zero commission marketplace
Flipkart's Shopsy on Tuesday said it onboarded more than two lakh users within a month of its launch, and announced the launch of a zero-commission marketplace.
 "Shopsy crosses 200,000 mark, announces zero commission marketplace")
Investment in Myanmar port not in violation of US sanctions: Adani Ports
Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday said that the company believes that its investment in a port in Myanmar is not in violation of any sanction guidelines
 "Investment in Myanmar port not in violation of US sanctions: Adani Ports")
Higher costs likely to put pressure on Colgate-Palmolive's margins
Disruptions on account of the lockdown led to the decline in the performance
 "Higher costs likely to put pressure on Colgate-Palmolive's margins")
Privatisation-bound Bharat Petroleum appoints VRK Gupta as CFO
Vijayagopal retired on July 31 after an illustrious career of 34 years with the Maharatna company
 "Privatisation-bound Bharat Petroleum appoints VRK Gupta as CFO")
IL&FS recovers Rs 33.28 cr via sale of assets, including luxury cars
The identification of these assets started in December 2018 and auctions were conducted in various phases, the group said.
 "IL&FS recovers Rs 33.28 cr via sale of assets, including luxury cars")
Britannia to invests Rs 130 cr in capacity building, to hike prices
The company is being cautiously optimistic, has infused Rs 130 crore in capacity building in current fiscal and is also eyeing at a greater revenue share from e-commerce which contributes two per cent
 "Britannia to invests Rs 130 cr in capacity building, to hike prices")
IndiGo to launch IATA Travel Pass for international travel
The IATA Travel Pass will be a mobile app to help passengers easily and securely manage their travel in line with government requirements for Covid-19 tests or vaccines.
 "IndiGo to launch IATA Travel Pass for international travel")
ReNew Power signs pact with RackBank for renewable energy for data centre
ReNew Power said it has signed a memorandum of understanding with RackBank Datacenters Ltd to power the country's first hyper-scale data centre with 100 per cent renewable energy.
 "ReNew Power signs pact with RackBank for renewable energy for data centre")
Dr Reddy's re-launches Naproxen Sodium OTC Tablets in US market
Dr Reddys OTC Naproxen Sodium Tablets USP, 220 mg is an over-the-counter non-steroidal anti-inflammatory drug (NSAID) for use as a pain reliever and fever reducer.
 "Dr Reddy's re-launches Naproxen Sodium OTC Tablets in US market")
Hindustan Paper Corp under liquidation on directions of NCLT, NCLAT: Govt
In a written reply, MoS Krishan Pal Gurjar said that Cachar Paper Mill, Panchgram and Nagaon Paper Mill, Jagiroad are mills of HPC in Assam and are presently non-operational.
 "Hindustan Paper Corp under liquidation on directions of NCLT, NCLAT: Govt")
Indiamart Intermesh arm acquires 26.23% stake in Agillos e-com for Rs 26 cr
The investment shall be in line with the Indiamart Group's long-term objective of offering various Software as a Service (SaaS) based solutions for businesses
 "Indiamart Intermesh arm acquires 26.23% stake in Agillos e-com for Rs 26 cr")
MG Motor ties up with Jio for connected features in its upcoming SUV
MG Motor India on Tuesday said it has tied up with digital services provider Jio India for the Internet of Things (IOT) features in its upcoming mid-size SUV
 "MG Motor ties up with Jio for connected features in its upcoming SUV")
UST plans to hire over 10,000 people globally in 2021, including in India
Digital transformation solutions company UST on Tuesday said its plans to hire over 10,000 new employees globally this year, including in India
 "UST plans to hire over 10,000 people globally in 2021, including in India")
IOC may sell some of its petrol pumps to JV with Malaysia's Petronas
IOC may sell some of its over 32,300 petrol pumps to a joint venture with Malaysia's Petronas with a view to monetising vast fuel marketing network, its Director (Finance)
 "IOC may sell some of its petrol pumps to JV with Malaysia's Petronas")
Tata aims to get back into telecom game with 5G, using TCS' strengths
Together with TCS, the conglomerate is creating capacity to take advantage of the big new opportunity in 5G network and broadband rollout by acquiring a reputed telecom gear manufacturer and tying up
 "Tata aims to get back into telecom game with 5G, using TCS' strengths")
Tesla's India plans dealt blow as minister rules out import duties cut
Tesla is seeking to make inroads into India, where electric vehicles account for less than 1% of annual car sales.
 "Tesla's India plans dealt blow as minister rules out import duties cut")
Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity
Promoters and investors selling shares via OFS upto 43.1 million
 "Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity")
HDFC's bad loans increase in June quarter, but there's a silver lining
Growth trends still strong; it is well-capitalised, provision coverage is high
 "HDFC's bad loans increase in June quarter, but there's a silver lining")
Tata Motors' net-debt-to-equity ratio at a decade high in FY21
Automaker has cumulatively raised nearly Rs 50,000 crore of fresh equity
 "Tata Motors' net-debt-to-equity ratio at a decade high in FY21")